0
General

Telecom Italia CEO defends performance-linked pay package

Wednesday 7 September 2016 | 09:19 CET | News
Telecom Italia Group's CEO Flavio Cattaneo has for the first time defended his EUR 40 million pay package on the grounds that it's linked to performance, unlike the remuneration of other Italian executives. "The scandal is paying people who not only haven't done anything but who have lost money, and that happens frequently in this country," said Cattaneo in an interview with the Financial Times. "We need more Italian remuneration structured this way . . . There would be a significant impact on the economy," he added.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Telecom Italia
Countries: Italy
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Telecom Italia confirms CEO exit 'by mutual consent'

Published 25 Jul 2017 08:28 CET | Italy
Telecom Italia (TIM) has confirmed that its chief executive Flavio Cattaneo will be leaving the company by mutual consent after ...

Telecom Italia CEO to leave following Vivendi clash - report

Published 24 Jul 2017 08:08 CET | Italy
Telecom Italia (TIM) has announced that its board and remuneration committee is set to meet on 24 July to discuss a "mutual ...

Vivendi wary of TIM CEO's potential pay-off - report

Published 18 Jul 2017 10:39 CET | Italy
French media giant Vivendi, the top shareholder of Telecom Italia (TIM), has temporarily shelved a plan to appoint its chief ...

Telecom Italia revenues up 8.5% in Q1, EBITDA up 16%

Published 04 May 2017 08:02 CET | Italy
Telecom Italia reported an 8.5 percent year-on-year rise in revenues to EUR 4.82 billion in the first quarter, driven by 230,000 ...

Telecom Italia EBITDA up 6.7% to EUR 2.15 bln in Q3

Published 04 Nov 2016 13:57 CET | Italy
Telecom Italia consolidated its recent turnaround in the third-quarter, announcing a 6.7 percent year-on-year organic rise in ...

Telecom Italia CEO undaunted by entry of France's Iliad

Published 15 Sep 2016 10:34 CET | Italy
Telecom Italia Group's CEO Flavio Cattaneo is not worried about the forthcoming entry in the Italian market of French operator ...

TIM to sell smart TVs, launch TIMgames streaming platform

Published 01 Sep 2016 15:03 CET | Italy
Telecom Italia (TIM) has announced a major revamp of its product and service portfolio via exclusive partnerships, new content ...

TIM names new consumer, business and technology heads

Published 01 Aug 2016 08:23 CET | Italy
Telecom Italia (TIM) has announced the appointment of new heads for its consumer, business and technology departments. Stefano ...

Telecom Italia raises FY guidance after improved Q2 results

Published 27 Jul 2016 08:51 CET | Italy
Telecom Italia raised its domestic earnings guidance for 2016 after reporting better-than-expected second quarter results, driven ...

Telecom Italia to cut a quarter of managerial posts - report

Published 25 Jul 2016 09:44 CET | Italy
Telecom Italia Group's new CEO Flavio Cattaneo has launched a cost-cutting plan that will see around a quarter of the company's ...

Telecom Italia CEO buys half a million company shares

Published 15 Jun 2016 08:59 CET | Italy
Telecom Italia Group's new CEO Flavio Cattaneo has acquired half a million Telecom Italia shares at a price of EUR 0.752819 per ...

Telecom Italia shareholders back CEO pay package

Published 26 May 2016 09:08 CET | Italy
Telecom Italia shareholders voted to back the pay package of new CEO Flavio Cattaneo and other top company executives at a 25 May ...

Telecom Italia sales down 12%, triples cost-cutting target

Published 16 May 2016 08:19 CET | Brazil
Telecom Italia reported a 12.1 percent year-on-year fall in first-quarter revenues to EUR 4.44 billion in organic terms, hurt by ...

Cattaneo appointed new Telecom Italia CEO 

Published 30 Mar 2016 16:17 CET | Italy
Telecom Italia (TIM) has announced that its new CEO will be Flavio Cattaneo, currently chief executive of Rome-based high-speed ...





Calendar   /   Industry Events

27 Oct GSMA Thrive North America
28 Oct Telecoms World Asia 2020
29 Oct Swisscom Q3 2020
29 Oct Hrvatski Telekom Q3 2020
29 Oct Comcast Q3 2020
29 Oct Veon Q3 2020
29 Oct NTT Docomo fiscal Q2
29 Oct Fortinet Q3 2020
29 Oct Corning Q3 2020
29 Oct Spotify Q3 2020
29 Oct CyrusOne Q3 2020
29 Oct Alphabet Q3 2020
29 Oct Digital Realty Q3 2020
29 Oct Orange Q3 2020
29 Oct Nokia Q3 2020
29 Oct BT fiscal Q2
29 Oct Twitter Q3 2020
29 Oct Altice USA Q3 2020
29 Oct Poly fiscal Q2
29 Oct HKBN FY results
29 Oct Motorola Solutions Q3 2020
29 Oct Amazon Q3
29 Oct Ribbon Communications Q3
29 Oct Dasan Zhone Q3
29 Oct Teleste Q3 2020
29 Oct Apple fiscal Q4
29 Oct Facebook Q3 2020
29 Oct Telesat Q3 2020
29 Oct Tucows Q3 2020
29 Oct Samsung Electronics Q3 2020
29 Oct Facebook Q3 2020
29 Oct Telefonica Q3 2020
30 Oct MediaTek Q3
30 Oct KDDI fiscal Q2
30 Oct Shaw Communications fiscal Q4
30 Oct Charter Communications Q3 2020
30 Oct Rovio Q3 2020
30 Oct Millicom Q3 2020
30 Oct Proximus Q3 2020
30 Oct Tecnotree Q3 2020
::: More Calendar Items